Frequently Asked Questions
What does PhillipCapital do?
PhillipCapital was established as Phillip Securities in Singapore in 1975, and was the first broker to bring online trading to retail investors in Singapore. It now offers a full range of quality and innovative services to retail and high net worth individuals, family offices, corporate and institutional customers. PhillipCapital has more than USD 50 billion of Assets under Management (AuM) and more than 1 million clients worldwide. In India, PhillipCapital is headquartered in Mumbai and offers brokerage (equities, derivatives, commodities and currencies), Advisory Services, Research Services, Demat Services, Clearing Services, Portfolio Management Services (PMS) and Merchant Banking Services to Corporates, Foreign & Domestic Institutions, High Net Worth Individuals (HNI) and Retail clients.
What is an RIA?
RIA stands for “Registered Investment Advisor”. A Registered Investment Advisor (RIA) is a financial professional or entity registered with the Securities and Exchange Board of India (SEBI), the regulatory authority governing the securities market in India. RIAs are licensed and authorized by SEBI to offer personalized financial advice and investment recommendations to clients for a fee.
How can I trust the advice given to me? Are you regulated by any government body?
RIAs have a fiduciary duty to act in the best interests of their client. This means they are obligated to provide advice that is solely in the best interests of the client, avoiding conflicts of interest and disclosing any potential conflicts that may arise. RIAs must also comply with SEBI regulations, including registration requirements, ongoing reporting obligations, and adherence to ethical standards and conduct rules set by SEBI.
I thought that wealth management is only for the ultra-rich. Why do I need an advisor?
We strive to support individuals in their journey of financial independence through wealth-building and financial planning. Financial mistakes made early in the investing journey tend to compound into bigger mistakes over long time periods, leaving investors with any one or more of the following symptoms: sub-optimal investments, burnt fingers (losses), inadequate corpus to meet financial goals, utilizing long-term investments for short-term goals, higher taxes, improper asset allocation etc. A qualified and professional advisor can support you in taking control of your financial destiny and build a financially prosperous future for yourself and your family.
Is there any minimum investment?
No, there is no minimum investment requirement.
What are the investment products?
The products accessible through our platform encompass mutual funds, stocks, ETFs and bonds. However, we extend comprehensive planning and advisory services covering all your investments and personal finance domains, including Provident Fund, NPS, Insurance, Loans, and any other personal financial matters you may encounter.
Is my investment safe?
We will advise your portfolio as per your risk appetite and tolerance. Our long-term portfolios will go through drawdown periods, since that is the nature of equity markets. However, having a long-term view and timeframe will increase the odds of achieving growth and avoiding losses. The custody of your securities remains with the AMCs (mutual funds) and depositories (stocks). Moreover, all securities are linked to your PAN. We provide a transaction platform and front-end to track your portfolio. We will never have the custody of your investments. You will own your investments in your name and have complete control over your portfolio.
How do I track the value of my portfolio?
After you open an account with us, you can track your portfolio via mobile app and web browser.
How do I track the transactions in my portfolio?
Every transaction in your investment account is executed only after your approval. You can also view all the executed transactions via mobile app and web browser.
I already have a mutual fund / stocks portfolio. Can I transfer them to PhillipCapital?
Yes, you can transfer your existing portfolio to us without selling anything.
Do you advise in direct plans or regular plans?
As advisors, we only recommend direct plans. We operate on a fee-only basis, and we do not earn any commissions from the mutual funds that we recommend to you.
We charge advisory fee based on the amount invested with us. Besides the advisory fee you pay us, we do not earn any other commissions or hidden revenue. This ensures unbiased, independent advice for our clients without conflict of interest. Contact us to know more.
How much do you charge for your advisory services?
Are there any charges apart from advisory fee?
There are nominal account opening charges and annual maintenance charges. Brokerage on stocks is zero (free brokerage for both buying and selling). There are certain statutory charges (STT, stamp duty etc.) which are mandatory, but nominal.
What is required for account opening? How long does it take?
A standard set of documents, bank details and nominee details are enough. Online account opening with e-KYC via Aadhar usually takes 2-3 working days.
Do you provide stock tips?
No, we advise our clients in long-term stock portfolios, and we do not engage in short-term trading tips.